Texas Government Code - GOV'T § 1232.103. Issuance of Obligations for Equipment

(a) The authority may issue and sell obligations for the financing of:

(b) An obligation issued by the authority is payable under an agreement that may be in the nature of:

(c) If an agreement is between the authority and a state agency or between a vendor and a state agency, the commission shall nevertheless perform its functions as purchasing agent for the state, with the funds obtained under this section used solely to finance the agreement.  The board and the commission shall adopt a memorandum of understanding that defines the division of authority between the board and the commission.

(d) A state agency may enter into a type of agreement described by this section to purchase or lease necessary equipment.

(e) If a law requires a state agency to obtain the approval of another state agency or perform any other act before the agency may purchase or lease computer equipment, those requirements must be satisfied before the agency may enter into an agreement under this chapter.  The authority shall adopt rules so that computer equipment may not be financed before the authority receives written proof that the requirements have been satisfied.